North America is expected to hold the largest market share of the smart solar market in 2015 due to government mandates and conservation in the U.S. and Canada. Asia-Pacific (APAC) is expected to have the highest growth rate during the forecast period as it is witnessing the high rate of adoption of smart solar technologies.

In 2015, C&I dominate the smart solar market, by application, during the forecast period due to greater spending capacity. Due to budgetary constraints, residential consumers are hesitant in investing in smart solar solutions even when the penetration of traditional solar solutions is high in residential market.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up of profile of primary discussion participants is given below.

The major trends in the smart solar segment include growing smart cities initiatives. The integration of IoT with solar technology has increased the proliferation of smart solar solutions across various industry sectors such as government, utilities, healthcare, construction, and education.

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